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david: they are all printing more cash in order to pump up the economy. if you believe that leads to bubbles like allen greenspan did, then this bubble is the bubble for all of these. >> is actually a bit better on revenue of 2.9 billion, they were expecting a loss of 46 cents per share. that cash on 2.3 billion, the launch of the blackberry can come 2013. >> i misspoke. the losses were not as bad as we expected. >> 2.3 billion in losses. david: okay. 2.2 billion is what is reported, so they have a little bit more about lead, they are growing a little bit, which is good news in terms of the cash on hand. how much is that cash burn and will eventually begin to catch up with her. the subscriber base was up about 2 million. i want to go back to tim if i can. when you look at research in motion and their attempts to claw back from the whole they were sinking into, did you think that you have any chance of doing it? >> you hit it on the head. it is really a question of can you get the next product out, can you get new, you know, if a product transition and get
david: they are all printing more cash in order to pump up the economy. if you believe that leads to bubbles like allen greenspan did, then this bubble is the bubble for all of these. >> is actually a bit better on revenue of 2.9 billion, they were expecting a loss of 46 cents per share. that cash on 2.3 billion, the launch of the blackberry can come 2013. >> i misspoke. the losses were not as bad as we expected. >> 2.3 billion in losses. david: okay. 2.2 billion is what is...
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we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the dark recession. what's happened? stock market never quit, never stopped climbing. it's had a remarkable run with every sector leading the charge at one time or another. before i get into the big remonstrations for the evening. i have gotten the big picture right. the europe, the slowdown of china and the perma low growth, the united states. some income producers, growth names and stocks with solid dividend boosts and, of course, some gold. these have been the correct calls to make. i've stuck with this market because i believe europeans are not suicidal. so far so good on that front. at least of late. i believe chinese economy will simply come back by virtue of the fact there's a tremendous urban migration within china. i believe the federal reserve's stance, brought about you by ben bernanke, will serve as a bridge over fiscal cliff a
we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the dark recession. what's happened? stock market never quit, never stopped climbing. it's had a remarkable run with every sector leading the charge at one time or another. before i get into the big remonstrations for the evening. i have gotten the big picture right. the...
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and that also has to do with the economy. if the economy is doing well, there's more money sloshing around, you're going to see more speculation and you're going to see more business. >> reporter: are any elements of the election being priced into corn at this moment, or is this all drought and supply and demand driven? >> we are in harvest mode right now, so we're just really more concerned with what the bushel counter is saying in the combine than what legislator is saying on the stump. so right now, we're just trading harvest and what we think, and ultimately what we think the crop will be when we pull it out of the ground. >> reporter: scott, thanks so much. >> all right. thank you. >> tom: tomorrow, "politics in the pits" continues from chicago's livestock trading pits-- presidential politics, cattle, and pork bellies. the secutiesnd exchange commission is taking a closer look this fall at the systems and computer programs brokerage firms use to place orders. the move comes after the big trading trouble at knight capital
and that also has to do with the economy. if the economy is doing well, there's more money sloshing around, you're going to see more speculation and you're going to see more business. >> reporter: are any elements of the election being priced into corn at this moment, or is this all drought and supply and demand driven? >> we are in harvest mode right now, so we're just really more concerned with what the bushel counter is saying in the combine than what legislator is saying on the...
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Sep 27, 2012
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looking at discover financial and they're coming out with their numbers, basically the economy is improving. fewer borrowers are defaulting on their loans, on the debt. seeing more transactions, confidence has been improving for americans so they have been using their cards a little more. and paying it off. that is the environment we are in. nolast but not least, may deal with paypal, so that will add to their future transactions. for today a great day. ashley: ashley:.i. talking to john mccain about the biggest headwind facing the usa today. liz: can you imagine voting for this interview. wait until you listen come back here what he had to say. not just how we get rid of tax abductions, but all of them except two. but also which industries are mature enough that we should rip the rug out from underneath them and stop giving him all kinds of tax breaks. speaking very candidly with me. i first asked about different kinds of government strategies where government works best with this, here' here is what senator mccain had to say. >> you're picking winners and losers, and obvious in the case o
looking at discover financial and they're coming out with their numbers, basically the economy is improving. fewer borrowers are defaulting on their loans, on the debt. seeing more transactions, confidence has been improving for americans so they have been using their cards a little more. and paying it off. that is the environment we are in. nolast but not least, may deal with paypal, so that will add to their future transactions. for today a great day. ashley: ashley:.i. talking to john mccain...
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we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let me be very clear. in nebraska and all across america, i just chaired the national governor's association this past year. americans do not want the federal government to bail out states that have failed, that have failed to adopt a balanced budget, that they continue to raise taxes. that's not what we want as americans. we want states to control their spending, create more jobs. so i certainly don't think the federal government ought to bail out a state like illinois or california if they can't do it themselves. >> governor, it's been
we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let...
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the economy's collapsed. it's harder for them to do business and about half their oil imports have been curtailed, but the issue is will this actually cause the leadership to come to a negotiating table, say, after our presidential election? >> dan, it's mike murphy. just two quick questions. if you take the fear premium out of oil, where would you see -- how low would the price of oil go, number one? number two, if you get some sort of action in the middle east, if israel attacks iran, how high do you see the price of oil going? >> well, i think on the first one, you know, the fear premium is probably 10, $15 a barrel, something like that. you also get this bubble that today the news is better from europe so the price is up $2 on top of that as well. >> right. >> the chinese probably won't put a stimulus in until they're really starting their transition. in terms of what happens to the price of oil, that's the big question, of course, and the price would go up if anything happened. you'd see the strategic pe
the economy's collapsed. it's harder for them to do business and about half their oil imports have been curtailed, but the issue is will this actually cause the leadership to come to a negotiating table, say, after our presidential election? >> dan, it's mike murphy. just two quick questions. if you take the fear premium out of oil, where would you see -- how low would the price of oil go, number one? number two, if you get some sort of action in the middle east, if israel attacks iran,...
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and the economy has a little rough patch before it accelerates again. what happens if this is the rough patch that causes companies to slam on the brakes, this is no longer a fiscal cliff but a fiscal retaining wall. when you see that -- we have gone from thinking we can jump the fiscal cliff to thinking how can we slow business spending so that the collision won't destroy us? it's not just the u.s. that was a drag. china, there's a big hate on china right now. china is big halt. no. big mall cat no cattle. the worst downturn in two months is more representative of what's happening because there is no unity between the rich and poor nations. don't they show that there's no real hope for fis rcal reform i that war torn country. today's action, it's phony. me and many portfolio managers buy stocks and move them to the end of the quarter to get a little gain there. the conclusion, if this were monday coming up, a new month, a new quarter, you would have seen this entire markup window dressing period, the deal, and we were right back into that downturn that
and the economy has a little rough patch before it accelerates again. what happens if this is the rough patch that causes companies to slam on the brakes, this is no longer a fiscal cliff but a fiscal retaining wall. when you see that -- we have gone from thinking we can jump the fiscal cliff to thinking how can we slow business spending so that the collision won't destroy us? it's not just the u.s. that was a drag. china, there's a big hate on china right now. china is big halt. no. big mall...
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and while congress stalls, the economy appears to be stalling. economic data showing a slowdown. and forget december 31st. is the fiscal cliff impact already here? the president slamming trickle-down economics. but isn't that exactly what the fed is doing? why the so-called fed effect stinks for the little guy. plus, guess who's not paying their fair share in taxes. the federal government. a story you will not want to
and while congress stalls, the economy appears to be stalling. economic data showing a slowdown. and forget december 31st. is the fiscal cliff impact already here? the president slamming trickle-down economics. but isn't that exactly what the fed is doing? why the so-called fed effect stinks for the little guy. plus, guess who's not paying their fair share in taxes. the federal government. a story you will not want to
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too many americans are struggling to find work in today's economy. too many of those working are living paycheck to paycheck. more americans are living in poverty than when president obama took office. 15 million more are on food stamps. my job creates 12 million jobs over the next four year. we shouldn't measure compassion by how many people are on welfare, we should measure compassion on how many people are off welfare and able to get a good paying job. i'm mitt romney and i approve this message. >> he cracked it himself. carrie underwood was at a concert in louisville. there was a kid in the audience, holding a sign that said will you be my first kiss? she pulled him on stage. here's what happened. >> 12 years old. >> you got a jump on me. i was 14 when i had my very first kiss. just so you know my husband is somewhere in this building, might be looking for you later. >> how are we going do this? >> lip to lip. >> this is the smartest kid ever! >> close your eyes. >> jimmy: he went for lips. let's show this that video. my research and development
too many americans are struggling to find work in today's economy. too many of those working are living paycheck to paycheck. more americans are living in poverty than when president obama took office. 15 million more are on food stamps. my job creates 12 million jobs over the next four year. we shouldn't measure compassion by how many people are on welfare, we should measure compassion on how many people are off welfare and able to get a good paying job. i'm mitt romney and i approve this...
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broadening divergences between the different economies. so we have to put the focus on. you know if you can but if it is a situation of did you feel in your area covers the pulpit of greece. that since we will join you. at the beginning of. your era. in terms of if. it was. not feasible in the future oriented way if a company. and huge. divergence is as far as you can only come but it is a skin cell so we have to focus both. consolidation on the improvement of the competitive situation of the states. kerry. as the press calls and we'll be back in a minute after we take the small banks out stay with us continue. the mission. critique a should be free. for chargers free. range month free. free. to tide free. download free broadcast quality video for your media projects free media and don hearty. good laboratory to mccurry was able to. building a new. mission to teach creation. this is why you should care only. british. market. find out what's really happening to the global economy with. the global financial headlines. and realized. welcome to the big picture. welcome back
broadening divergences between the different economies. so we have to put the focus on. you know if you can but if it is a situation of did you feel in your area covers the pulpit of greece. that since we will join you. at the beginning of. your era. in terms of if. it was. not feasible in the future oriented way if a company. and huge. divergence is as far as you can only come but it is a skin cell so we have to focus both. consolidation on the improvement of the competitive situation of the...
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find out what's really happening to the global economy with. global financial headlines kaiser reports. see a story. you think you understand it and then. you hear or see some other part of it and realized ever. the thing is i don't know i'm tom hardy welcome to the big picture. welcome back to spotlight i'm al green of in just a reminder that my guest on the show today kerry the prime minister of luxemburg and a person who the press calls new stay here or or or the the year old boss well let's talk a bit about the e.u. russia relations after the summit the e.u. russia summit in june. some know this i've been saying that that the talks between russia and e.u. make little progress there the framework agreement is far from being signed so why can't the parties find common grounds for such a long term what will. you be. table all do it with. i do think that both sides russia and do a preview of you have to have a better understanding of the. existing no future of. this great nation russia. do. we have to improve or performances when it comes to th
find out what's really happening to the global economy with. global financial headlines kaiser reports. see a story. you think you understand it and then. you hear or see some other part of it and realized ever. the thing is i don't know i'm tom hardy welcome to the big picture. welcome back to spotlight i'm al green of in just a reminder that my guest on the show today kerry the prime minister of luxemburg and a person who the press calls new stay here or or or the the year old boss well let's...
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then there should be reforms not only economy but also in poverty in a democracy. thank you very much for this interview you're welcome. tucked in between the russian mainland japan and the suckling island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. until two thousand and four the island was part of the boarders own and was completely restricted to visit to know this picture place is open to tourists unique plants and animals are its top attraction. to be has been exploring the deaths of the world seas for several decades but it's here at more your own island where he has finally found what he'd been looking for . the water here is very clear the visibility is very good and the underwater world here is extremely rich i've been to many diving locations across the planet including the island of bali on top of my list while some go to the cycling region to enjoy the sights others convert the islands nature's riches into a healthy dollar it
then there should be reforms not only economy but also in poverty in a democracy. thank you very much for this interview you're welcome. tucked in between the russian mainland japan and the suckling island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. until two thousand and four the island was part of the boarders own and was completely restricted to visit to know...
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focus our attention to develop the economy to have a good neighbor food we all the neighboring countries and to have a stable relations with a large country with the united states and with european countries so i think. when when he takes office you know next year i'm sure he will continue our policy no change no fundamental change for his policy but still he's considered to be a reformer and more open to the west that he's predecessor i think he's done. studying hard words he did not think there is going to be a new balance in china's foreign policy under his presidency i'm sure this should be reform not only khana me you know actually during the previous thirty years we have focused our attention on economy but i have paying. my pretty she have some reform and opening up in china's politics you know maybe you know. this year we're a servant a sister. of the ministration you know. we very some level from the central government to the local government. and more democracy for the you know for the auditor people i think i'm sure when he came comes into the office and the new president of c
focus our attention to develop the economy to have a good neighbor food we all the neighboring countries and to have a stable relations with a large country with the united states and with european countries so i think. when when he takes office you know next year i'm sure he will continue our policy no change no fundamental change for his policy but still he's considered to be a reformer and more open to the west that he's predecessor i think he's done. studying hard words he did not think...
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bigger than the economy, but how does that shrink the economy or limited growth rate? >> here's how you expand gdp. you expand gdp by an increase of population and an increase in productivity, so all those assets being used to lend money to the government, those are assets that could be invested to expand collectivity. if you don't increase productivity by raising taxes, you don't increase productivity by changing the schedule and things like that can increase productivity by capital investment and that is simply not happening. the money lent to our government is dead money and is not out investing in productive assets. stuart: are we going to recession? >> it would be hard to argue not. i was having this discussion last night, isn't it odd we see a couple diametrically opposed views of economically growth in washington right now? ben bernanke trying to create the wealth effect. everybody feels more wealthy because the asset prices are going up, that helps the economy come around. by the same token if you look to the democratic side of things, if you look at the other
bigger than the economy, but how does that shrink the economy or limited growth rate? >> here's how you expand gdp. you expand gdp by an increase of population and an increase in productivity, so all those assets being used to lend money to the government, those are assets that could be invested to expand collectivity. if you don't increase productivity by raising taxes, you don't increase productivity by changing the schedule and things like that can increase productivity by capital...
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china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of chinese respondents expressed negative views of japan. >> those figures suggest they will be challenged to mend relations, but an expert said it may not be as difficult size it appears. >> japan and chiba have been close are than before. we have thousands of years of relationships, but now is the best in a sense that economic exchange and people to people exchange and the level of these things higher than ever. don't just focus on the negative aspects of things. there is great resilience in the relationship. >> internal changes in china
china's economy grew year after year. members of the olympic committee underscored the emergence when they named beijing host of the summer games. two years later, china passed japan to be the world's second largest economy. a chinese fishing collided with japanese patrol vessels in thes en kaku islands. the collision parked widespread protests and angered many japanese. a recent survey suggests animosities are running high. the poll put anti-chinese sentiment at 84%, a record high. 65% of...
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is the country going to return to growth that if the economy continues on this path it's been greece and greece it's been a five year long recession which is frankly i'm precedented for a country that's not in war at war. nor the outcome of this is lower tax receipts it's a bigger you know unemployment benefit bills and definitely that's not conducive to say privatisations in an environment of such and security and contraction so these are a bit tough questions and really what we see is that the greek populations or most of you know the greek society is losing patience because they've been asked to foot the bill before and it hasn't really worked. that said another part of the greek population continues to tax evader and remain largely unaffected by the rises and that is something this government has to really really tackle. so same issues and grace no real different outcome yet but still ahead what about spain we'll hear more from eighteen at stats on the protests in spain and what the dissent means but first closing market numbers. download your application. choose your language st
is the country going to return to growth that if the economy continues on this path it's been greece and greece it's been a five year long recession which is frankly i'm precedented for a country that's not in war at war. nor the outcome of this is lower tax receipts it's a bigger you know unemployment benefit bills and definitely that's not conducive to say privatisations in an environment of such and security and contraction so these are a bit tough questions and really what we see is that...
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simpson they were going in the white bronco like twenty miles an hour best a global economy there is a there is ben bernanke you talking in there everyone is like a slow speed car chase drone of you know boeing this guy ben bernanke who all you also say is. i'm not sure exactly what i'm talking about except that i'm i'm convinced that printing more money is the answer and so he just throws it out the windows and people go well you know oh yeah i can use. to collateralize one next job placement yeah it's a slow speed car chase but because as you say he's on bath salts he's injected bath salts into the banking system into the monetary system he thinks he's going like five hundred miles per hour like well going so fast. he's slowly crashing. out of me well don't you back of course as well go the way but all these other big money center banks are to big to fail banks are technically insolvent their liabilities are ten times greater than the equity their resale value was your own they've got nothing but a cartridge toner full of back there to crank out counterfeit collateralized obligatio
simpson they were going in the white bronco like twenty miles an hour best a global economy there is a there is ben bernanke you talking in there everyone is like a slow speed car chase drone of you know boeing this guy ben bernanke who all you also say is. i'm not sure exactly what i'm talking about except that i'm i'm convinced that printing more money is the answer and so he just throws it out the windows and people go well you know oh yeah i can use. to collateralize one next job placement...
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spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try to muddle through for a bit longer. i was machinist as a journalist for dow jones newswires. all right let's wrap up with loose change dimitri lauren lyster are you a football fan no i don't like football i'm not really i don't like football murder for born yeah i'm not really there so that's why i didn't really know that this was the biggest deal in the world but judging by the chatter in our news room it sure is and by now you've probably heard about the botched play call by n.f.l. refs during the green bay seattle game well that bad call apparently cost three hundred million dollars for vega
spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try...
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has warned that further quantitative easing will fail to prepare economies in europe and the u.s. well why i am a federal reserve bank which is the lender of last resort responsible for taking the punch bowl away when the party gets to rot is not do their job instead of being the lender of last resort there's a buyer a first resort they buy every schlock piece of junk bond that these investment banks that used to destroy the economy they'll take it there are buyers and very garbage bond out there and this was to be the buyer of first resort just went through the lender of last resort think completely screwed this thing up they got it all backwards and paul volcker of course back in the seventy's early eighty's he took interest rates up to sixteen percent to squeeze out. these no good mix well to cover out all of this fraud max remember at the beginning of this crisis we were told it's a liquidity crisis it's a little quickly the crisis if we only had more cash in the system all would be fine right well he said there is so much liquidity in the market the adding more is not going t
has warned that further quantitative easing will fail to prepare economies in europe and the u.s. well why i am a federal reserve bank which is the lender of last resort responsible for taking the punch bowl away when the party gets to rot is not do their job instead of being the lender of last resort there's a buyer a first resort they buy every schlock piece of junk bond that these investment banks that used to destroy the economy they'll take it there are buyers and very garbage bond out...
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that does nothing to do to create wealth right because the whole idea of a free market capitalist economy is that it goes through booms and busts you want the booms and busts you want to have the market figure out which of the winners and which are the losers and you go through these cycles that if you don't have the cycles what you have is one perpetual all mom not news guru just shut down the fed because they do more harm than good basically. well he said it was the most extreme easing of monetary policy he could recall and that's why you see the image of him essentially flipping the bird and this is the telegraph a very conservative newspaper here that put the photo on their website and didn't mention that in the u.k. that image looks very much like a harvey smith or the tongs as they call it in skull and that this is the flipping the bird no move or. just pulled out of his pants and shows his cheeks could just. pull. like the super bowl or flash but. just my quantitative easing ben. well in germany they're also having a very difficult time responding to this madness in the central ban
that does nothing to do to create wealth right because the whole idea of a free market capitalist economy is that it goes through booms and busts you want the booms and busts you want to have the market figure out which of the winners and which are the losers and you go through these cycles that if you don't have the cycles what you have is one perpetual all mom not news guru just shut down the fed because they do more harm than good basically. well he said it was the most extreme easing of...
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should be reforms not only economy but also in part of the state in a democracy taking time couldn't thank you very much for this interview you have i come. download the official application so choose your language stream quality and enjoy your favorites from matsushita t.v. is not required to watch on t.v. all you need is your mobile device to watch our team any time and. courageous and creative. elegant and full and most public speaking. a few european bodybuilders against millions of weak immigrants. these may not seem so serious now. but this could be a real threat. to. european extremists. the friendship asian of russia has started again after two hundred years up at the . sub jet be a pro napoleon has arrived from overseas to lead the army i have to really take my time to prepare myself to get it right. the bloody battle near moscow is going to start over. james brown will reveal the victor the soldiers are back to do it all again. but you know version twenty twelve on r.t. . you know sometimes you see a story and it seems so you think you understand it and then you glimpse som
should be reforms not only economy but also in part of the state in a democracy taking time couldn't thank you very much for this interview you have i come. download the official application so choose your language stream quality and enjoy your favorites from matsushita t.v. is not required to watch on t.v. all you need is your mobile device to watch our team any time and. courageous and creative. elegant and full and most public speaking. a few european bodybuilders against millions of weak...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to kaiser report. the hartland is the town of illusion fifty kilometers north of london. an old working class town now plagued by a woman. in two thousand and two in the car industry alone some thirty thousand workers were laid off. its two hundred twenty thousand residents including a large number of muslims so she five thousand of them live in the neighborhood around the grieve road. and all the women wear veils. tommy robinson the founder and leader of e.t.l. lives in luton and agrees to meet us in a. somewhat unexpectedly it's a beauty some of his clients come to college they're all top off their times. movements headquarters is temporary it's a squat and a construction site. the following day there's a protest. rankest they're running point just how i am but it's one of london's most difficult areas the messages are nothing near. him would love it or leave it for example. the city. would if we were free to feel thousand. fifteen hundred.
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to kaiser report. the hartland is the town of illusion fifty kilometers north of london. an old working class town now plagued by a woman. in two thousand and two in the car industry alone some thirty thousand workers were laid off. its two hundred twenty thousand residents including a large number of muslims so she five thousand of them live in the...
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the economy. as to the specific measures that they undertake, old habits die hard and respecting the independence of the federal reserve, you're not going to get me to make a comment, evaluating those measures one way or the other, but i think that the judgment that monetary policy should be oriented to domestic economic strength is the right basic approach for monetary policy to take. >> does it surprise you to see the euro at $1.28 to $1.30, because that surprises me. >> i've long ago given up being surprised by currency values. the only forecast you can make is the famous jpmorgan forecast that they will fluctuate. >> i know that you are going to be looking at tax reform and the idea of whether or not we can cut marginal rates because this has been so discussed in this election cycle. mitt romney has laid out a plan to bring down marginal rates and try and get rid of a lot of the deductions. does that work in your opinion? >> look, i think we always want marginal rates as low as we can have the
the economy. as to the specific measures that they undertake, old habits die hard and respecting the independence of the federal reserve, you're not going to get me to make a comment, evaluating those measures one way or the other, but i think that the judgment that monetary policy should be oriented to domestic economic strength is the right basic approach for monetary policy to take. >> does it surprise you to see the euro at $1.28 to $1.30, because that surprises me. >> i've long...
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economy overall. it's 158 to 1100 the rate of what we see in the innovative sectors like in health care. so the question that we started with is what is the problem? why don't we see this great creative benjamin so many other sectors apply to the k-12 and education? what is getting in the way? what we tried to do this first diagnosed with is getting in the way. and we can see what can we do about it and the proposal essentially is an institutional lawyer that we hope can create a marketplace or the creative marketplace that succeeds where today it seems to be stagnant. we have k-12 schools, 14,000 of them. we of the innovative and entrepreneurs but there is a goal that seems to be separating them. what's going on in the middle. i think when we go to the root of it we see this as underlining a lot of other symptoms. but really the problem is people don't really know what works. even some people might know it works but they know personally have trouble convincing anybody else and they end up in this deb
economy overall. it's 158 to 1100 the rate of what we see in the innovative sectors like in health care. so the question that we started with is what is the problem? why don't we see this great creative benjamin so many other sectors apply to the k-12 and education? what is getting in the way? what we tried to do this first diagnosed with is getting in the way. and we can see what can we do about it and the proposal essentially is an institutional lawyer that we hope can create a marketplace or...
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but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million and a half. now we're down around 750,000 in terms of housing starts so we're kind of half of what i view as normal. >> reporter: one wild card for builders is the ongoing uncertainty about the bush tax cuts. subkowiak says if those tax cuts aren't extended some potential buyers could put a hold on buying a new house. diane eastabrook, "n.b.r.," hinsdale, illinois. >> tom: we saw two discouraging reports today from the c-suite, from top corporate executives. in separate surveys, both chief executive officers and chief financial officers are losing optimism. and both have dialed back hiring expectations. this stands in contrast to a report just yesterday from the conference board indicating consumers are more hopeful about their job prospects. the "deloitte c.f.o. s
but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million and a half. now we're down around 750,000 in terms of housing starts so we're kind of half of what i view as normal. >> reporter: one wild card for builders is...
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today on the back of this crisis when everyone's talking about a possible recession in european economy you hear people talk more and more about the fact that russia needs to turn to words to at this point so if that was to happen if russia was where to turn itself toward china. how would that change the very face of the russian chinese relationship if were to forge that economic tie china actually has been the engine of world economy at least two for thirty years so i think you know policy to work pacific region especially toward china is a good choice you know in economic cooperation and trade agreements we are being a bit too country that we are neighbors. not so good you know economy you know we we trade with japan and we also nations increase very fast but i think sino russian you know economic relations. that are relations of the trade with japan and so we have much room to do more call pretty soon the sort of gardening economy and trade two questions what's going to happen in china one thing new president takes office next spring chinese vice president. to replace china's preside
today on the back of this crisis when everyone's talking about a possible recession in european economy you hear people talk more and more about the fact that russia needs to turn to words to at this point so if that was to happen if russia was where to turn itself toward china. how would that change the very face of the russian chinese relationship if were to forge that economic tie china actually has been the engine of world economy at least two for thirty years so i think you know policy to...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [...
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>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in recession. asia has slowed down. global growth is slower than most people anticipated at the beginning of the year. the question i think for the u.s. is twofold. it would be that the u.s. is a winner in that game where we get the flight to safety, lower interest rates here and we do well through that. or it could be that global growth drags down the u.s. and sends us into a slower growth environment or even recession. so i think we want to look at both of those possibilities. i would have wanted to see more data on that and see how that's unfolding before we took action. >
>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in...
WHUT (Howard University Television)
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so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will come out ey-- i mean ce out of the risky zone. and you see italy, spain, it's important to look at each of our countries individually, and it is also important to see clearly that we are all part and parcel of a wider thing call the euro zone and the european union. and it's not enough-- it is imperative, but it's not enough that each of our countries puts its own house in order. we also need to have a better governance of the whole, not only of the parts. and this is happening month after month because the european union as a whole is improving, is now more aware than it was one year ago, say
so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will...